Monday, April 11, 2016

"Mortgage Rates Holding Near 3-Year Lows"

by Bill McBride on 4/11/2016 06:05:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Holding Near 3-Year Lows

Mortgage rates were little changed today, keeping them in line with the lowest levels in nearly 3 years. Specifically, there have only been 2-3 days with better rates since May 2013, depending on the lender. That puts the average lender at 3.625% in terms of conventional 30yr fixed rate quotes for top tier scenarios. Some of the more aggressive lenders continue to offer 3.5%. These rates are a mere quarter point higher than the all-time lows seen from late 2011 through early 2013.
emphasis added
Here is a table from Mortgage News Daily: